Ref. No - BFS10980
South Africa, Free StateRef. No - BFS10980
Sector - Retail
Summary
Bill Green Jewellers, a established 45-year-old business in Bloemfontein's bustling Middestad Mall, available for R590,000 with inventory. This efficient, well-equipped store offers excellent growth potential in a vibrant retail environment, with supportive ownership transition included.
Give me more informationBackground and History
History:
Established 45 years ago, this thriving jewellery business in Bloemfontein is now available for R590,000, inclusive of inventory.
Location:
Located in the bustling Middestad Mall within the CBD, the shop is surrounded by a diverse range of national retailers.
This charming glass-fronted store spans approximately 20 square meters, featuring ample window display space.
The layout is optimized for maximum efficiency, equipped with custom-designed furniture, including display cabinets, a desk, workbench, essential tools, and jewellery equipment.
Upgrades:
The flooring, lighting, and finishes have all been recently upgraded to align with the revitalized Middestad Mall.
Security:
Comprehensive security measures and surveillance systems are in place, along with lockable doors for after-hours security. Convenient and affordably priced parking is available for customers.
Lease Agreement:
A signed lease agreement is in place until 2026.
Owner handover:
The current owner is committed to ensuring a smooth transition and will provide guidance during the handover period, including introductions to suppliers and workshops.
Potential Growth:
There is significant demand from customers for watch repairs, straps, batteries, and other services, offering excellent growth potential.
Assets
Additional assets include 2 safes, 2 tower fans, a rooftop fan, a remote-controlled security gate, and a fire extinguisher.
Financials and Forecasts
Finacials will be provided upon request.
Reason for Sale
Owner wants to retire
Conclusion
This represents a fantastic opportunity for a young jeweller or entrepreneur looking to make their mark in the jewellery industry.
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